💨 Abstract

Gold prices rose on Thursday after traders increased bets for a Fed interest-rate cut next month following weaker U.S. economic data. Spot gold was up 0.4% at $2,617.15, and U.S. gold futures rose 0.4%. The annual U.S. inflation increase was the smallest in over 3-1/2 years, and weekly jobless claims rose to 258,000.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖